Immersion Corp (NASDAQ: IMMR)’s stock price has plunge by -9.08relation to previous closing price of 10.59. Nevertheless, the company has seen a -8.21% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-08-19 that Immersion (IMMR) closed the most recent trading day at $10.59, moving -1.21% from the previous trading session.
Is It Worth Investing in Immersion Corp (NASDAQ: IMMR) Right Now?
The price-to-earnings ratio for Immersion Corp (NASDAQ: IMMR) is above average at 6.98x, Company’s 36-month beta value is 1.50.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for IMMR is 28.28M, and currently, short sellers hold a 7.71% ratio of that floaft. The average trading volume of IMMR on August 20, 2024 was 755.32K shares.
IMMR’s Market Performance
IMMR stock saw a decrease of -8.21% in the past week, with a monthly decline of -24.89% and a quarterly a decrease of 2.33%. The volatility ratio for the week is 3.78%, and the volatility levels for the last 30 days are 5.48% for Immersion Corp (IMMR). The simple moving average for the past 20 days is -15.92% for IMMR’s stock, with a 17.14% simple moving average for the past 200 days.
Analysts’ Opinion of IMMR
Many brokerage firms have already submitted their reports for IMMR stocks, with BWS Financial repeating the rating for IMMR by listing it as a “Buy.” The predicted price for IMMR in the upcoming period, according to BWS Financial is $11 based on the research report published on February 06, 2023 of the previous year 2023.
Colliers Securities gave a rating of “Buy” to IMMR, setting the target price at $15 in the report published on December 29th of the previous year.
IMMR Trading at -11.49% from the 50-Day Moving Average
After a stumble in the market that brought IMMR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.93% of loss for the given period.
Volatility was left at 5.48%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares sank -27.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.82% lower at present.
During the last 5 trading sessions, IMMR fell by -8.01%, which changed the moving average for the period of 200-days by +50.55% in comparison to the 20-day moving average, which settled at $11.27. In addition, Immersion Corp saw 36.39% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IMMR starting from DODSON J MICHAEL, who sale 4,947 shares at the price of $10.68 back on Jun 13 ’24. After this action, DODSON J MICHAEL now owns 45,053 shares of Immersion Corp, valued at $52,834 using the latest closing price.
Nader Elias, the Director of Immersion Corp, sale 13,000 shares at $8.22 during a trade that took place back on Mar 13 ’24, which means that Nader Elias is holding 29,266 shares at $106,863 based on the most recent closing price.
Stock Fundamentals for IMMR
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.75 for the gross margin
The net margin for Immersion Corp stands at 0.41. The total capital return value is set at -0.12. Equity return is now at value 24.16, with 20.08 for asset returns.
Based on Immersion Corp (IMMR), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.71. The interest coverage ratio of the stock is 20.52.
Currently, EBITDA for the company is 18.32 million with net debt to EBITDA at 7.87. When we switch over and look at the enterprise to sales, we see a ratio of 4.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.44.
Conclusion
In a nutshell, Immersion Corp (IMMR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
